Published on 7/08/2019 3:51:41 PM | Source: Dion Global Solutions Ltd

Allcargo Logistics Q1 net profit jumps 85.33% at Rs 31.32 cr

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The company reported standalone net profit of Rs 31.32 crore for the quarter ended June 30, 2019 as compared to Rs 16.90 crore in the same period last year, registering a year-on-year growth of 85.33 per cent. Net revenue of the company rose substantially by 21.58 per cent at Rs 423.84 crore in April-June quarter of this fiscal as against Rs 348.61 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 15.60 per cent to Rs 355.08 crore from Rs 307.16 crore in year ago period.

Other Income grew by 48.14 per cent at Rs 8.37 crore versus (Jun'18 Rs 5.65 crore). Operating Profit surged by 65.89 per cent to Rs 68.76 crore as against Rs 41.45 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 36.42 per cent in June quarter. Interest grew by 87.65 per cent y-o-y to Rs 12.76 crore, while Taxation increased by 540.43 per cent at Rs 6.21 crore (Jun'18 Rs -1.41 crore).